TSP Capital Management Group LLC Increases Stock Position in Xperi Inc. $XPER

TSP Capital Management Group LLC grew its holdings in Xperi Inc. (NYSE:XPER) by 273.5% in the first quarter, Holdings Channel reports. The firm owned 821,294 shares of the company’s stock after buying an additional 601,396 shares during the quarter. Xperi accounts for about 1.1% of TSP Capital Management Group LLC’s portfolio, making the stock its 29th biggest position. TSP Capital Management Group LLC’s holdings in Xperi were worth $4,599,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of XPER. Quantbot Technologies LP bought a new position in shares of Xperi during the third quarter valued at $57,000. Tactive Advisors LLC bought a new position in shares of Xperi in the 4th quarter worth approximately $60,000. Endeavor Private Wealth Inc. bought a new stake in shares of Xperi during the 4th quarter valued at $69,000. Alpine Global Management LLC bought a new stake in Xperi during the fourth quarter valued at about $89,000. Finally, Cerity Partners LLC purchased a new stake in shares of Xperi in the fourth quarter worth $92,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Xperi Trading Up 5.3%

Xperi stock opened at $8.66 on Thursday. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $7.61 and a 200 day moving average price of $6.47. Xperi Inc. has a 52 week low of $5.07 and a 52 week high of $8.67. The company has a market capitalization of $418.17 million, a price-to-earnings ratio of -8.75 and a beta of 1.46.

Xperi (NYSE:XPER) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The company had revenue of $114.21 million during the quarter, compared to the consensus estimate of $107.89 million. Xperi had a positive return on equity of 1.09% and a negative net margin of 10.22%. Sell-side analysts anticipate that Xperi Inc. will post 0.35 EPS for the current year.

Wall Street Analyst Weigh In

XPER has been the topic of a number of research reports. Zacks Research upgraded shares of Xperi from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. BWS Financial reaffirmed a “buy” rating and set a $12.00 price objective on shares of Xperi in a research note on Monday, June 22nd. Wall Street Zen upgraded Xperi from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Xperi in a report on Friday, May 29th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.00.

Xperi Profile

Xperi Inc (NYSE: XPER) is a global technology company that develops and licenses audio, imaging and semiconductor packaging solutions. The company was formed in 2016 through the spin-off of Tessera Technologies’ product divisions and expanded its product portfolio in 2019 with the acquisition of TiVo Corporation. Headquartered in San Jose, California, Xperi’s technologies underpin a range of consumer electronics, automotive, mobile and broadcast products around the world.

In its technology licensing segment, Xperi offers a broad portfolio of semiconductor packaging and interconnect solutions designed to improve performance and energy efficiency in chips and devices.